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Smart Meter Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Smart Meter Manufacturing Market Research Report | Technology | Water | Aug 2014

Smart power: The industry will thrive on rising energy consumption and housing starts

IBISWorld’s Smart Meter Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
General Electric Company General Electric Company  market share
Itron Itron market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
12.9%
Annual Growth 14-19
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Profit
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Employment
3,158
Businesses
51
Industry Analysis & Industry Trends

The industry has surged ahead in the past five years, fueled by growing demand for smart meters as utilities convert to smart grids. Revenue growth was also spurred by stimulus funds and rising electricity consumption rates. Rapid growth will continue in the next five years as more utilities embrace smart meter and smart grid technology and as new housing construction continues to recover aggressively.... purchase to read more

Industry Report - Industry Locations Chapter

The spread of establishments within the Smart Meter Manufacturing industry is most heavily concentrated in the West, Southeast and the Great Lakes regions of the United States. The West dominates the landscape, accounting for roughly 22.5% of all industry establishments in 2014. California alone will contribute 17.3% of the West's share. This trend falls roughly in line with the population in this region. The number of homeowners and consumers in other residences facilitates greater demand for smart meters. The West accounts for roughly 17.0% of the US population. The Southeast follows as the next largest region, accounting for 20.0% of industry establishments in 2014. Like the West, the Southeast's heavy population allows for manufacturers to operate close to target markets... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Smart Meter Manufacturing Industry?

This industry manufactures smart meters, which are electrical, gas or water meters that record consumption information in intervals of an hour or less and communicate this information back to the utility for monitoring and billing purposes. Smart meters enable two-way communication between the meter and the central system.

Industry Products
Electric metersGas metersWater meters
 
Industry Activities
Manufacturing electricity smart metersManufacturing gas smart metersManufacturing water smart meters


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